INVESTING UPDATE 24

ભારતીય શેર સૂચકાંકો સેન્સેક્સ અને નિફ્ટી બુધવારે લગભગ 2% ઘટીને બંધ થયા હતા. BSE સેન્સેક્સ દિવસના અંતે 1,769.19 પોઈન્ટ અથવા 2.10% ના ઘટાડા સાથે 82,497.10 પર બંધ થયો, જ્યારે નિફ્ટી 50 546.80 પોઈન્ટ અથવા 2.12% ઘટીને 25,250.10 પર સેટલ થયો.  દિવસની શરૂઆતમાં, બેન્ચમાર્ક સૂચકાંકો તીવ્ર નીચા વેપાર કરી રહ્યા હતા. બપોરે 1:35 વાગ્યા સુધીમાં, નિફ્ટી 506.50 પોઈન્ટ અથવા 1.96% ઘટીને 25,290.40 પર અને સેન્સેક્સ 1,657.23 પોઈન્ટ અથવા 1.97% ઘટીને 82,609.06 પર પહોંચી ગયો હતો. વધતા જતા ભૌગોલિક રાજકીય તણાવ વચ્ચે નબળા વૈશ્વિક સેન્ટિમેન્ટને કારણે આ ઘટાડો થયો હતો.  નિફ્ટી રિયલ્ટી ઇન્ડેક્સ 4.3% ગગડીને 1,049.65 અને નિફ્ટી ઓટો અને ઓઇલ એન્ડ ગેસ ઇન્ડેક્સ 2% થી વધુ ઘટવા સાથે તમામ ક્ષેત્રીય સૂચકાંકો લાલમાં હતા. ડેરિવેટિવ્ઝ માર્કેટમાં સતત બીજા સત્રમાં કોલ રાઇટિંગ પુટ રાઇટિંગ કરતાં વધી જતાં મંદીનો અંદાજ પણ પ્રતિબિંબિત થયો હતો.  વિશ્લેષકોએ નિફ્ટી માટે 26,000ના સ્તરે નોંધપાત્ર પ્રતિકાર નોંધ્યો હતો, જેમાં પુટ-કોલ રેશિયોમાં 0.77 સુધીનો વધારો થયો હતો, જે બેરિશ સેન્ટિમેન્ટનું વર્ચસ્વ દર્શાવે છે. જ્યારે કોર્...

 Indian markets opened almost flat compared to yesterday’s closing level. Nifty 50 fell till afternoon and started rising after that, to end in green. IT and auto stocks rose the most. Japan’s Nikkei index rose to its all-time high after 1989. More India's crude oil imports stood at 21.39 million metric tons in Jan, highest in 21 months. The Indian government has allowed 100% Foreign Direct Investment (FDI) for satellite component making companies. Jio added 39.94 lakh subscribers in Dec, Airtel added 18.5 lakh. Vodafone Idea and BSNL lost 13.68 lakh and 1.5 lakh respectively. Airtel had 98.9% active subscribers. Jio: 92.32%. Fair and remunerative price of sugarcane has been increased by 8% for the 2024–25 season. India's mineral output increased by 5.1% in December as compared to the year-ago period. The government has allowed traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain, and Bhutan till 31 March. Uber is one of our most challenging markets for gr...

People are receiving false calls/messages asking for account details for updating KYC: RBI. Suspicious activity can be reported to the National Cyber Crime Reporting Portal. Redemption date for Sovereign Gold Bond (SGB) 2016-1 (issued in 2016) has been set as 8 Feb, 2024. Redemption price: Rs 6,271 per unit (101% more than the issue price). The Indian government is expected to receive $1.8 billion in dividends from state banks in Financial Year 2025, up 8.7% compared to FY24 (based on estimates): Vivek Joshi, India's financial services secretary. Stocks in News • HDFC Bank: got approval from RBI to acquire aggregate holding of up to 9.50% in 6 banks including Yes Bank, IndusInd Bank, and ICICI Bank. • L&T: bagged a large order to construct a bridge across the Brahmaputra river in Assam. • Zee Entertainment: NCLT has agreed to hear the petition for the recently terminated merger with Sony Group's Indian subsidiary. • LIC: launched a new individual life insurance plan called ...

 Stock Market Crash: Indian stock markets suddenly crashed on Wednesday 20th December. Sensex took a dive of 930 points. Nifty closed with a loss of 300 points. The fall was so sharp that investors lost Rs 9.32 lakh crore in a day. Experts say that there is not just one reason behind this decline, but many reasons. Stock Market Crash: Indian stock market on Wednesday 20 December  Suddenly he collapsed. Sensex took a dive of 930 points. Nifty closed with a loss of 300 points. The fall was so sharp that investors lost Rs 9.32 lakh crore in a day. Experts say that there is not just one reason behind this decline, but many reasons. This ranges from profit booking, increase in Covid cases in some parts of the country, rise in crude prices, FII's. 1. Profit booking A major reason behind Wednesday's fall in the stock market was profit-booking. The market was touching new peaks every day for the last few days. In such a situation, market observers were expecting a good profit boo...

 Sensex Today: Sensex Today: Sensex and Nifty witnessed heavy selloff on Wednesday, stepping back from all-time high levels. The selling came even as the global market mood remained upbeat. Barring IT and FMCG indices, all sectors traded with cuts. The fall in the broader markets was more pronounced vs Nifty50. Stock Market Highlights Doms shares list at 77% premium India Shelter Finance shares debut at 26% premium Azad Engineering IPO opens for subscription Paytm CEO sees full operating profit in under a year Ola Electric likely to file IPO papers today Market View Even as the holidays are fast approaching, the market is not in a holiday mood. It is consolidating but at higher levels. The steady rise in the mother market US, which has helped the Dow to set a new record high, is exhibiting the same trend. The fact that the fear gauge - VIX - is at a low level of 12 is an indicator of the underlying strength of the market. Valuations in the mid and small cap segments are excessive. ...

  In the coming week, after consistent run up in past six weeks, the market is expected to see a rangebound trade and consolidation, with major focus on the Fed meet outcome and the Powell commentary. The equity markets had a spectacular run in the week ended December 8, reporting the biggest weekly gain in last 16 months and hitting the much-awaited psychological 21,000 mark for the first time. Favourable state elections results hinting more infrastructure investment from government, better-than-expected economic growth for Q2FY24, increase in full year GDP growth estimates by RBI while maintaining status quo on policy rates & retaining full year inflation forecast, strong hopes of ending rate hike cycle despite inflation concerns, and stable oil prices lifted market sentiment. In the coming week, after consistent run up in past six weeks, the market is expected to see a rangebound trade and consolidation, with major focus on the Fed meet outcome and the Powell commentary espe...

KEY POINTS The New Zealand dollar jumped 1% to nearly 0.62 against the U.S. dollar, hitting a near four-month high. The Reserve Bank of New Zealand holds official cash rate at 5.5%, warned rates could go higher to tackle inflation.   The  New Zealand dollar  jumped 1% to nearly 0.62 against the  U.S. dollar  after the Reserve Bank of New Zealand held its official cash rate at 5.5% and warned that rates could go higher to tackle inflation. The kiwi dollar jumped to its highest level in nearly four months after the decision. The currency is down 2.5% so far this year, and is headed for its third straight yearly decline. The central bank noted  that inflation remained too high  and said monetary policy will need to remain restrictive in order to control it. “The official cash rate   will need to stay restrictive, so demand growth remains subdued, and inflation returns to the 1 to 3 percent target range,” the RBNZ said in its monetary policy statement...

"What market participants have told us that we will need to start at T+0 and then move to instantaneous," Buch said. SEBI Chief Madhabi Puri Buch announced on November 25 that a roadmap has been devised for the same-day settlement of trades by March 2024, followed by an optional parallel system for instantaneous settlement. Addressing a press conference in Mumbai after SEBI's Board meeting, Buch stated that for instantaneous settlement, market infrastructure and brokers have emphasized the need for a technological path where the interim step should not be a one-hour delay but rather move directly from T+0 to instantaneous. Buch expressed satisfaction with the progress, stating, "The progress is very good, a lot of discussion has happened. A roadmap is pretty much ready. It is a parallel system that is completely optional." Regarding the timeline, she explained, "What market participants have told us is that we will need to start at T+0 and then move to inst...

After recent corrections from record high levels, the market is expected to be largely volatile and rangebound in the coming week, with focus mostly on global cues given the lack of domestic triggers, experts said.... Selling pressure sustained with bears tightening their grip over Dalal Street in the week ended December 16. The hawkish tone with hints of more rate hikes to control inflation by Federal Reserve after 50 bps hike in interest rates in December policy meeting, and growing recession fears in developed nations weighed on the market sentiment.  After  recent correction from record high levels, the market is largely expected to be volatile and rangebound in the coming week, with focus mostly on global cues given the lack of domestic triggers, experts said.     Most of sectors slipped into the red with maximum pressure in FMCG, technology, and MNC, while Bank Nifty also fell nearly a percent for the week largely on profit booking after crossing 44,000 mark du...

the recent rally in metals, real estate and media stocks had led to some overvaluation, feel experts. sectors like metals might remain under pressure for the near term due to global constrains .  Renowned investor and ‘big bull' Rakesh Jhunjhunwala churned in his stock portfolio during the quarter ended June 2022, and partially or completely exited from 10 stocks, while adding one name. The ace investor marked a re-entry into a stock he had exited during January – March period, as he bought 1.4 per cent stake in farm equipment / industrial auto major, Escorts Kubota Ltd. At the end of December 2021, Jhunjhunwala's holding was at 5.4 per cent of total shareholding of the company. Now, the total value of his stake in the company stands at ~Rs 300 crore. With the correction in metals and crude prices, experts believe that the demand for farm equipment should rise, with a good monsoon boosting tractor sales. “India has so far received good rainfall this time and demand pickup was s...

 Healthy corporate earnings, coupled with the return of foreign institutional investors, aided the positive sentiment. Indian equity markets outpaced most global markets other than the Nasdaq in July, buoyed by declining commodity prices, expectations of a normal monsoon and the return of foreign investors. Expectations that central banks globally would adopt a softer policy stance after raising interest rates to cool inflation also helped. Both the BSE Sensex and the National Stock Exchange's Nifty rose over 9.5% each in July, in dollar as well as local currency terms, according to Bloomberg data. Nasdaq Composite index rose nearly 12% in July. In July, the S&P 500 rose 8.1%, the Nikkei 225 advanced 6.1%, the Straits Time Index jumped 5%, and the Dow Jones Industrial Average and CAC 40 gained 5% each. Ibovespa Brasil and FTSE 100 rose nearly 5% each while the Philippines and Korean stock exchange benchmarks rose 3% each. Deutsche Boerse AG, FTSE Bursa Malaysia, Jakarta Stock E...

      'ways in which we want to strengthen having forign currencies coming into India are very many and RBI and the ministry are fairly engaged in it,' Nirmala Sitharaman said,  The Indian government and the Reserve Bank of India are looking at ways to boost inflows into the country, the finance minister said on August 2.       “Ways in which we want to strengthen having foreign currencies coming into India are very many and RBI and the ministry are fairly engaged in it,” Nirmala Sitharaman said in the upper house of parliament in response to a lawmaker's question.      "There are discussions between the government and the RBI to see how best we can have various different similar such schemes through which we are able to draw foreign remittances directly," the minister said, but added the final call would rest with the central bank.       Rupee finding its natural course The minister added that the rupee, that has fallen o...

ECONOMY    Finance Ministry seeks industry views on charges in monthly GST payment from The GST Council in its last month recommended that the charges in GSTR-3B or monthly tax payment from be placed in public domain for seeking inputs and suggestion of the stakeholders.  The finance ministry on Friday released a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15. The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and suggestions of the stakeholders. "Accordingly, general public and the trade at large are hereby informed that a detailed Concept Paper on comprehensive changes in FORM GSTR-3B is enclosed. All members of trade/ stakeholders are requested to kindly furnish their views/comments/suggestions on the Concept Paper latest by 15th September 2022 at  gstpolicywing-cbic@gov.in  so as to facilitate finaliz...